The euro steadies ahead of the summit and the British go shopping - it's time for your FX Fix.
How is uncertainty in Europe stalling U.S. markets? Roger Altman, Evercore Partners chairman & founder, and Jared Bernstein, Center on Budget and Policy Priorities, discuss.
CNBC's Simon Hobbs reports German Chancellor Angela Merkel declared there will be no euro bonds in her lifetime, and a look at what moved U.S. and European markets, with CNBC's Brian Shactman and Dan Greenhaus, BTIG chief global strategist.
The Bank of England needs to pump at least another 50 billion pounds ($77.8 billion) into Britain’s “stalled” economy, says David Miles of its interest rate-setting committee, warning that only a “substantial” third round of emergency bond-buying will kick-start recovery, the Financial Times reports.
Germany’s resistance to a banking union and stimulus measures is in the way of a solution to Europe’s debt crisis, and could turn this week’s meeting of the region’s leaders into a “fiasco”, according to billionaire investor George Soros.
CNBC's Simon Hobbs recaps Europe's so-called mini summit. Peter Schiff, Euro Pacific Capital, discusses Mario Monti's remarks and whether there is really only one week left to save Europe.
Alec Young, Global Equity Strategist, S&P Capital IQ says that Europe will cut interest rates at its next meeting, but If Europe does not solve its crisis soon, the Fed will likely embark on QE3.
The Bank of England is on the verge of approving another round of monetary stimulus, with Governor Mervyn King supporting an extra 50 billion pounds ($78.5 biillion) of gilt purchases, minutes to its June 6-7 policy meeting showed on Wednesday.
The government appears to be taking the proposals of the Independent Commission on Banking, in the UK seriously and looks as if it may implement the majority of Sir John Vickers proposals, writes the Financial Times’ Martin Wolf.
The former long-standing UK prime minister, Tony Blair, a self-professed pro-European, said the risk of unrest applied to Europe as a whole, the Financial Times reports.
Bankers’ bonuses across the European Union are set to be limited by law, with many bank lobbyists admitting in private that they have lost the fight against a European Parliament initiative to limit the size of bonuses relative to salary, the Financial Times reports.
CNBC's Simon Hobbs explains how a creative eurobond plan is gaining traction in Germany.
Time after time during the European debt crisis, grand plans aimed at drawing a line under the problem have appeared to be behind market expectations. That may be changing.
Any Eurocrat trying to think up a PR campaign for battered Europe should watch TV tonight. Euro 2012, the football tournament that kicks off with Poland against Greece in Warsaw, offers a vision of the perfect Europe, the Financial Times reports.
CNBC's Brian Shactman reports on Goldman Sachs' CEO Blankfein and German Chancellor Merkel's latest statements on the European crisis.
David Cameron will tell Angela Merkel on Thursday that she needs to act now to bring the eurozone back from the brink of disaster – a message likely to stoke irritation in Berlin and other eurozone capitals, the Finanical Times reports.
President Obama spoke separately today to German Chancellor Merkel and Italian Prime Minister Monti to discuss economic conditions in Europe, reports CNBC's Michelle Caruso-Cabrera.
A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping the European Central Bank for cash, was bluntly rejected as unacceptable by the ECB, European officials said, the Financial Times reports.
Spain, Italy and Greece, already fighting a financial and economic crisis, are now facing an oil crisis. Olive oil, that is. the Financial Times reports.
The struggling entrepreneur in Greece has had to work much harder to make it because of bureaucracy and the recession. CNBC's Michelle Caruso-Cabrera reports.